An outstanding book about ceos who excelled at capital allocation. The book walks through case studies of their careers and the value that they built. In the case of john malone at tci, this analysis could be done on a single sheet of paper or if necessary, the back of a napkin. Eight unconventional ceos and their radically rational blueprint for success. Well, you can be forgiven if these names have escaped you. The outsiders may not be a huge best seller, but it is the book that. In most cases these ceos were not attention junkies and were not only great capital allocators but also time allocators. The best ceo book ive ever read the reformed broker. When john malone joined the cable company tci in 1973, the company was doing well with 600,000 subscribers. Malone was also profiled as one of eight alltime outstanding, yet unconventional ceos, in william thorndikes book the outsiders. The outsiders also teases out the similarities of these ceos stories. It is a story of a rancher magness who sold is cattle to climb on towers and wire homes, and of john malone a financial and business visionary who saved the company from bankruptcy some will say multiple time and led it to its powerful position.
Learning from the outsiders investment masters class. While john malone was well known to serious value investors well before, william thorndikes book outsiders really served to popularize the highly successful ceo of the liberty entities. Maybe bill anders, john malone, bill stiritz, or dick smith. Over 29 years tom murphy of capital cities produced a 19.
The book is an attempt to bust the availability bias towards the contemporary ceo. William thorndike is the author of my favourite investing book, the outsiders. The outsiders may not be a huge best seller, but it is the book that appears to be influencing ceos and big hedge fund and private equitytype investors. Lets talk about john malone for a moment another genius and quite possibly the originator of what jeff bezos would later come along and do. Subtitled, eight unconventional ceos and their radically rational blueprint for success, it offers lessons from business leaders who have delivered consistently great financial returns in the long term. The outsiders is a great book that looks at eight ceos who produced above average returns for shareholders over the long term. At a time when the average youngadult novel was, in. This book looks at a group of ceos that performed extraordinarily well over long periods of time. One of the worlds best investors just upped his big bet.
John malone of tci, katharine graham of the washington post co. An inside look at finding outsider ceos the motley fool. A majority of outsiders developed extremely simple templates to analyze acquisitions. Hinton published the outsiders, a book about the hurts and dreams shared by two groups.
John malone and tci the cable industry was growing extremely quickly, with subscribers growing 20fold over a matter of years in the late 1960s and early 1970s. This book looks at a group of ceos that performed extraordinarily well over long. Be the first to ask a question about the outsiders. One of my favourite books on capital allocation is the outsiders. Heres a book that flies in the face of the zeitgeist. An inside look at a cable titan and his industry john malone, hailed a. It did not require extensive modeling or projections. Hintons novel the outsiders, which celebrates its 40th anniversary this year. This book goes into much more detail, obviously, than the single chapter in the outsider book. Its also a good read because malone is one of the outsiders from the above book. Henry singleton from teledyne, john malone from liberty media, katherine.
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